Starbucks, Warner Music among billion-dollar brands turning to Polygon to tap web3

In this episode, Polygon Labs President Ryan Wyatt discusses Polygon Labs's approach to business development, how the upcoming release of Polygon's zkEVM will help Ethereum scale, and the future of blockchain gaming.

Timeline of Polygon

Polygon price is still moving upward and is comfortably above the $1.20 mark as it continues its ascent toward $2. According to data from CoinMarketCap, the leading Layer-2 blockchain has gained an impressive 67% since the start of the year as the crypto market continues to recover from the extended bearish period of 2022.

Bloomberg senior macro strategist Mike McGlone has shared with the public a fresh outlook on the crypto market and its latest trends. In the report, McGlone argued, on the topic of Layer 2 solutions for Ethereum, that no protocol compares to the kind of network efficiency Polygon (MATIC) has brought to the table.

World-famous food brand Doritos invites everyone to join its pioneering metaverse experience in Decentraland (MANA). Doritos Triangle Studios is ready to explode into the red-hot segment with NFTs on Polygon Network (MATIC).

Polygon is a Layer-2 scaling solution aimed at bringing mass adoption to the Ethereum platform. It provides developers with the tools they need to create secure and user-friendly scalable decentralized applications (dApps).

Polygon (MATIC) has been on a tear lately, growing 14% in the past several days and outperforming both Bitcoin and Ethereum. This surge is due to several factors, including increased institutional interest, new partnerships, and overall bullish sentiment in the crypto market.

Polygon [MATIC], a layer 2 scaling solution for Ethereum [ETH], has been outperforming the latter in terms of the number of NFT transactions made on each protocol. Moreover, the increasing NFT transactions are strengthening Polygon's position in the layer 2 space.

Polygon investors enjoyed this month as its native token MATIC made overwhelming price momentum since the start of the new year. MATIC price has brought an ROI of over 40% in just two weeks, awakening bullish expectations among traders after a prolonged bearish trend.

As part of its plans to expand its impact in the crypto sector, Polygon [MATIC] secured a partnership with Hamilton Lane per its $2.1 billion tokenization flagship fund. In October 2022, the investment firm announced that it planned on tokenizing three of its funds, along with its digital asset partner Securitize.

The investment management company Hamilton Lane, which oversees and manages a total of $824 billion worth of assets, recently established the first of three tokenized funds that it had previously said it would establish in an attempt to broaden the pool of investors who have access to private markets.

A pseudonymous Twitter account has revealed that a single-wallet address has seen significant gains with Polygon (CRYPTO: MATIC). What Happened: A Polygon whale earned 6,090% gains over a 3-year period with its MATIC holdings.